XML 69 R52.htm IDEA: XBRL DOCUMENT
v3.22.4

Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The table below presents the activity related to Hudson Pacific Properties, Inc.’s accumulated other comprehensive income (loss) (“AOCI”):
| Derivative Instruments |  | Currency Translation Adjustments |  | Total AOCI
Balance at January 1, 2020 | $ | (2,391) |  |  | $ | 1,830 |  |  | $ | (561) |
Unrealized (loss) gain recognized in AOCI | (14,407) |  |  | 1,415 |  |  | (12,992) |
Reclassification from AOCI into income | 5,420 |  |  | — |  |  | 5,420 |
Net change in AOCI | (8,987) |  |  | 1,415 |  |  | (7,572) |
Balance at December 31, 2020 | (11,378) |  |  | 3,245 |  |  | (8,133) |
Unrealized gain (loss) recognized in AOCI | 169 |  |  | (1,049) |  |  | (880) |
Reclassification from AOCI into income | 7,252 |  |  | — |  |  | 7,252 |
Net change in AOCI | 7,421 |  |  | (1,049) |  |  | 6,372 |
Balance at December 31, 2021 | (3,957) |  |  | 2,196 |  |  | (1,761) |
Unrealized gain (loss) recognized in AOCI | 612 |  |  | (12,188) |  |  | (11,576) |
Reclassification from AOCI into income | 2,065 |  |  | — |  |  | 2,065 |
Net change in AOCI | 2,677 |  |  | (12,188) |  |  | (9,511) |
Balance at December 31, 2022 | $ | (1,280) |  |  | $ | (9,992) |  |  | $ | (11,272) |
The table below presents the activity related to Hudson Pacific Properties, LP’s AOCI:
| Derivative Instruments |  | Currency Translation Adjustments |  | Total AOCI
Balance at January 1, 2020 | $ | (2,458) |  |  | $ | 1,845 |  |  | $ | (613) |
Unrealized (loss) gain recognized in AOCI | (14,471) |  |  | 1,394 |  |  | (13,077) |
Reclassification from AOCI into income | 5,444 |  |  | — |  |  | 5,444 |
Net change in AOCI | (9,027) |  |  | 1,394 |  |  | (7,633) |
Balance at December 31, 2020 | (11,485) |  |  | 3,239 |  |  | (8,246) |
Unrealized gain (loss) recognized in AOCI | 171 |  |  | (1,064) |  |  | (893) |
Reclassification from AOCI into income | 7,360 |  |  | — |  |  | 7,360 |
Net change in AOCI | 7,531 |  |  | (1,064) |  |  | 6,467 |
Balance at December 31, 2021 | (3,954) |  |  | 2,175 |  |  | (1,779) |
Unrealized gain (loss) recognized in AOCI | 597 |  |  | (12,375) |  |  | (11,778) |
Reclassification from AOCI into income | 2,097 |  |  | — |  |  | 2,097 |
Net change in AOCI | 2,694 |  |  | (12,375) |  |  | (9,681) |
Balance at December 31, 2022 | $ | (1,260) |  |  | $ | (10,200) |  |  | $ | (11,460) |
Schedule of Other Ownership Interests | The following table summarizes the ownership interest in the operating partnership, excluding unvested restricted units and unvested restricted performance units, as of:
|  | December 31, 2022 |  | December 31, 2021 |  | December 31, 2020
Company-owned common units in the operating partnership |  | 141,054,478 |  |  | 151,124,543 |  |  | 151,401,365 |
Company’s ownership interest percentage |  | 98.5 | % |  | 98.8 | % |  | 99.1 | %
Non-controlling common units in the operating partnership(1) |  | 2,191,842 |  |  | 1,842,898 |  |  | 1,321,083 |
Non-controlling ownership interest percentage |  | 1.5 | % |  | 1.2 | % |  | 0.9 | %
_________________ 1.Represents common units held by certain of the Company’s executive officers, directors and other outside investors. As of December 31, 2022, this amount represents both common units and performance units of 550,969 and 1,640,873, respectively. As of December 31, 2021, this amount represents both common units and performance units of 550,969 and 1,291,929, respectively. As of December 31, 2020, this amount represents both common units and performance units of 550,969 and 770,114, respectively.
Schedule of Dividends | The following table summarizes dividends per share declared and paid for the periods presented:
| For the Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Common stock(1) | $ | 1.00 |  |  | $ | 1.00 |  |  | $ | 1.00 |
Common units(1) | $ | 1.00 |  |  | $ | 1.00 |  |  | $ | 1.00 |
Series A preferred units(1) | $ | 1.5625 |  |  | $ | 1.5625 |  |  | $ | 1.5625 |
Series C preferred stock(2) | $ | 1.3359 |  |  | $ | — |  |  | $ | — |
_________________ 1.The fourth quarter 2022 dividends were paid on December 29, 2022 to shareholders and unitholders of record on December 19, 2022. 2.Dividends paid during the year ended December 31, 2022 include a $0.2968750 per share dividend declared and paid in each of the first, second, third and fourth quarters of 2022 and a $0.1484375 per share dividend declared during the fourth quarter of 2021.
Schedule of Dividends Taxability | The Company’s dividends related to its common stock will be classified for U.S. federal income tax purposes as follows (unaudited):
|  |  | Ordinary Dividends |  |
Record Date | Payment Date | Distribution Per Share | Total | Non-Qualified | Qualified | Capital Gain Distributions | Return of Capital
3/21/2022 | 3/31/2022 | $ | 0.250000 |  | $ | 0.107170 |  | $ | 0.107170 |  | $ | 0.000000 |  | $ | 0.000000 |  | $ | 0.142830 |
6/20/2022 | 6/30/2022 | 0.250000 |  | 0.107170 |  | 0.107170 |  | 0.000000 |  | 0.000000 |  | 0.142830 |
9/19/2022 | 9/29/2022 | 0.250000 |  | 0.107170 |  | 0.107170 |  | 0.000000 |  | 0.000000 |  | 0.142830 |
12/19/2022 | 12/29/2022 | 0.250000 |  | 0.107170 |  | 0.107170 |  | 0.000000 |  | 0.000000 |  | 0.142830 |
| TOTALS | $ | 1.000000 |  | $ | 0.428680 |  | $ | 0.428680 |  | $ | 0.000000 |  | $ | 0.000000 |  | $ | 0.571320 |
|  | 100.00 | % | 42.87 | % |  |  | 0.00 | % | 57.13 | %
The Company’s dividends related to its 4.750% series C preferred stock will be classified for U.S. federal income tax purposes as follows (unaudited):
|  |  | Ordinary Dividends |  |
Record Date | Payment Date | Distribution Per Share | Total | Non-Qualified | Qualified | Capital Gain Distributions | Return of Capital
3/21/2022 | 3/31/2022 | $ | 0.445313 |  | $ | 0.445313 |  | $ | 0.445313 |  | $ | 0.000000 |  | $ | 0.000000 |  | $ | 0.000000 |
6/20/2022 | 6/30/2022 | 0.296875 |  | 0.296875 |  | 0.296875 |  | 0.000000 |  | 0.000000 |  | 0.000000 |
9/19/2022 | 9/29/2022 | 0.296875 |  | 0.296875 |  | 0.296875 |  | 0.000000 |  | 0.000000 |  | 0.000000 |
12/19/2022 | 12/29/2022 | 0.296875 |  | 0.296875 |  | 0.296875 |  | 0.000000 |  | 0.000000 |  | 0.000000 |
| TOTALS | $ | 1.335938 |  | $ | 1.335938 |  | $ | 1.335938 |  | $ | 0.000000 |  | $ | 0.000000 |  | $ | 0.000000 |
|  | 100.00 | % | 100.00 | % |  |  | 0.00 | % | 0.00 | %

X
- Definition Schedule of Dividends [Table Text Block] + References No definition available. + Details
Name: | hpp_ScheduleOfDividendsTableTextBlock
Namespace Prefix: | hpp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Dividends Taxability + References No definition available. + Details
Name: | hpp_ScheduleOfDividendsTaxabilityTableTextBlock
Namespace Prefix: | hpp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other units or shares or classes of ownership in a partnership. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
Name: | us-gaap_ScheduleOfOtherOwnershipInterestsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration